3.2 The Community Of StakeholdersOutside The OrganizationWHAT ARE EXTERNAL STAKEHOLDERS?External stakeholders are those people orgroups in the organization’s externalenvironment that are affected by itThe external environment consists of the• task environment and the• general environment

3.3 The Ethical ResponsibilitiesOf You As A ManagerWHAT ARE THE FOUR APPROACHES TO DECIDINGETHICAL DILEMMAS?1. According to the utilitarian approach, ethical behavior isguided by what will result in the greatest good for the greatestnumber of people2. Under the individual approach, ethical behavior is guidedby what will result in the individual’s best long-term interests,which ultimately is in everyone’s self-interest3. According to the moral-rights approach, ethical behavior isguided by respect for the fundamental rights of human beings4. Ethical behavior under the justice approach is guided byrespect for impartial standards of fairness and equity